$1,200,000
SOLD NOV 6, 2024

10609 N 17th Dr Phoenix, AZ 85029

North Mountain Village Neighborhood
-- Bed
-- Bath
1,560 Sq Ft
7,318 Sq Ft Lot

Recently Sold

$769 Per Sq Ft

9% Below List Price

138 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Sunnyslope High School Rated A

About This Home

As of November 2024

10609-23 N 17th Drive, is a 7 unit multifamily opportunity located in the North Mountain Submarket. This asset features 100% 2 bedroom, 1 bathroom units, ranging from 728-1,000 sq. ft. in size. The property has been well maintained and upgraded over the roughly 25-year history of ownership, with further value-add upside for the next investor through continued upgrades on select units. This true pride of ownership asset sits near the base of North Mountain, near prominent economic drivers such as the I-17 employment corridor and $1 Billion redevelopment of the Metrocenter.

CONTACT AGENT FOR COPY OF THE OFFERING MEMORANDUM

Last Agent to Sell the Property

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000

Last Buyer's Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,654

Year Built

  • Built in 1954

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 9 Open Parking Spaces
  • 10 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 159-13-069-A

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 22147
  • Desert Cove Extension Resub Lots 26,27,28 Subdivision

Building Details

  • Operating Expense $1,654
  • Gross Income $92,700
  • Net Operating Income $78,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,654

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: DESERT COVE EXTENSION RESUB LOTS 26,27,28
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other (See Remarks), Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 22147
  • Additional Parcels: No
  • Parcel #: 159-13-069-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 7
  • Annual Gross Income: 92700.0
  • Property Net Operating Income: 78898.0
  • Annual Operating Expense: 1654.0

Tax Info

  • Tax Annual Amount: 1654.0
  • Tax Book Number: 159.00
  • Tax Lot: 2

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2024 11/06/24 Sold $1,200,000 -2.0% $769 / Sq Ft
10/06/2024 10/06/24 Pending -- -- --
06/21/2024 06/21/24 Price Changed $1,225,000 -7.2% $785 / Sq Ft
05/20/2024 05/20/24 For Sale $1,320,000 -- $846 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $860 $7,030 -- --
2024 $844 $6,695 -- --
2023 $844 $27,660 $5,530 $22,130
2022 $817 $19,380 $3,870 $15,510
2021 $827 $16,680 $3,330 $13,350
2020 $807 $14,570 $2,910 $11,660
2019 $792 $12,550 $2,510 $10,040
2018 $771 $9,580 $1,910 $7,670
2017 $767 $8,410 $1,680 $6,730
2016 $753 $7,670 $1,530 $6,140
2015 $698 $6,570 $1,310 $5,260
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $32,500 Seller Take Back
Source: Public Records

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $1,200,000 American Title Service Agency
Warranty Deed -- Capital Title Agency Inc
Joint Tenancy Deed $34,000 United Title Agency
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6708043

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-13-070

Arizona Maricopa County Phoenix 85029 North Mountain Village

10609 N 17th Dr, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 10609 N 17th Dr, Phoenix, AZ 85029 and is currently priced at $1,200,000, approximately $769 per square foot. This property was built in 1954. 10609 N 17th Dr is a home located in Maricopa County with nearby schools including Shaw Butte School, Royal Palm Middle School, and Sunnyslope High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393